Review of 20/20

20/20 (1978– )
9/10
How "greedy" an entrepreneur is?
9 February 2020
People kept and keep complaining the existence of the superrich, who deprive the money and opportunities of the public. Therefore, it was truly lucky for Mr. Glenn Stearns to not be criticized for his decision to start another business, which this self-made billionaire hoped would earn one million dollars or more.

Mr. Stearns has already got a lot of money; however, this self-made billionaire still chose to attend a TV program which asked him to start a business undercover with only 100 dollars in his pocket on the first day. In the end of the show, he made it, and an expert believed that the value of his Underdog BBQ was 750 thousand dollars.

It is true that an entrepreneur uses or has to "occupy" a lot more public resources, which, in a way, gives people like Mr. Obama a reason to claim that "you didn't build that". The question is, entrepreneurs don't get rich by using public resources but by serving the public.

In a 2014 film, America, Dinesh D'Souza told his audience that the rich get rich because they offer their customers what they need in advance. He knew that because he himself, like Mr. Stearns, ran a little restaurant. This India-born gentleman did not rape his consumers off by offering a cheap but delicious hamburger.

People who believe that entrepreneurs take advantage of public resources should ask themselves some questions. Does it cost a businessman money to hire a driver to drive a truck that the businessman has bought previously to fetch the goods in another city, using the petrol which the businessman has to pay for? And once he earns, does he have to pay more tax than the truck driver he hires?

Back to Mr. Stearns' case. He started his new business in Erie, bringing energy and opportunities to this place unknown to him 90 days before. It is the trade and free market that bridge the connection between this rich guy living in California and the land far in Pennsylvania. Does that mean Mr. Stearns is ruthless? No!

In a barbecue festival, the Underdog team was making constant efforts to attract more customers. In order to prepare well for the next day, Mr. Stearns asked some of his people to stay up late to work. Most of his people was ok with that.

However, did Mr. Stearns and his team members spend so much time and energy because they love their customers? Frankly speaking, NO! They did that because they believed there would be payoff for that. For Mr. Stearns, he got the money to open the restaurant. For the other members, it secured their jobs and positions in the future.

So it was the case with a guy John Stossel interviewed once whose job was to heat the water for the cattle, which would become the delicious steak on the table of New Yorkers like Mr. Stossel. However, this man didn't seem to know whom Mr. Stossel was. "Whose John Stossel?" He answered in the documentary. Yet the man still worked diligently, which, eventually, offered Mr. Stossel good steak in the supermarket and earned himself sufficient money for his family, too. That honest guy loved himself more, but his work still made Stossel's life better. It was a WIN-WIN.

Therefore, the next time when you see people like Glenn Stearns on TV, don't think they are greedy. Because thanks to their "greed", your life is better.

(this article is just for exercising.)
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